Vottun🌐🔗
@vottun
🚀 Vottun x Banco De España: Revolutionizing cross-border payments with blockchain technology - Real Use Case #2 Traditional SWIFT transfers are slow, costly and outdated for modern multinational needs. Vottun built a blockchain-based alternative focused on speed, transparency and efficiency. Key improvements: 💱 Stablecoin-based cross-border transfers 🧾 Automated netting across subsidiaries 📜 On-chain smart contract settlement 👁️🗨️ Real-time visibility for auditors and regulators This isn’t just a technical upgrade: it’s a leap forward in financial infrastructure.
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Vottun🌐🔗
@vottun
⚙️ Let’s break it down: The process begins when each subsidiary uploads their invoices to a unified platform. Instead of separate payments, a blockchain engine calculates a global balance across the group. 🔃 Smart “netting” reduces transfer volume ✅ The parent company authorizes the net result 📜 Smart contracts lock in: exchange rates, terms and repayment conditions 💱 Payments are executed in stablecoins and converted into local currencies 🧾 All actions are recorded immutably on-chain What used to take 48 hours or more is now settled in minutes: securely and transparently. Auditors, regulators and finance teams gain instant access to reports, ensuring compliance without friction.
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Vottun🌐🔗
@vottun
✅ Audited by PwC ✅ Tested by Iberdrola, Grupo Ficosa, Grupo Antolín ✅ Supervised by Banco de España 💡 What does this mean for CFOs and treasury teams? It’s a transformation in how cross-border operations are handled: fewer fees, more control and instant auditability. 💸 Reduced FX exposure and operational overhead 🏦 Elimination of banking intermediaries 🔄 Seamless integration into existing finance workflows 🔐 GDPR, AML and KYC compliance built-in 📊 Regulatory access to transactions in real time Vottun builds the rails that connect smart contracts, stablecoins and enterprise systems. This isn’t theory, it’s tested infrastructure that meets financial and legal standards. 🌍 Cross-border finance is becoming programmable, automated and auditable and it’s already here. 💬 Would you trust blockchain to handle your treasury flows?
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